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Bristol property for sale 'insufficient for buyer demand'

17 December 2009

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Levels of Bristol property currently on the market may be insufficient to meet the demand from potential buyers.

 

According to a report by the Royal Institution of Chartered Surveyors, 28 per cent more surveyors across the UK reported that enquiries from people looking to purchase homes were rising in November.

 

Chief economist at the organisation Simon Rubinsohn said: "Even though new instructions to estate agents have now at last begun to pick up a bit and supply of property is picking up a bit, it is still not keeping pace with the increase in demand."

 

The expert went on to suggest that one of the factors that is inhibiting supply is that homeowners are uncertain about their ability to sell in a troubled market.

 

In addition, the falls in value of flats and houses in Britain since the onset of the credit crunch is acting as a disincentive, he noted.

 

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